The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFINITY BANCSHARES INC COM 00832E103 380 25,620 SH   SOLE   25,620 0 0
BANKFINANCIAL CORP COM 06643P104 247 26,300 SH   SOLE   26,300 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 10,717 699,555 SH   SOLE   699,555 0 0
CAPITAL BANCORP INC MD COM 139737100 753 34,723 SH   SOLE   34,723 0 0
CARTER BANKSHARES INC COM NEW 146103106 184 13,945 SH   SOLE   13,945 0 0
CB FINL SVCS INC COM 12479G101 742 32,473 SH   SOLE   32,473 0 0
CENTRAL VY CMNTY BANCORP COM 155685100 479 33,055 SH   SOLE   33,055 0 0
CODORUS VY BANCORP INC COM 192025104 18,284 812,243 SH   SOLE   812,243 0 0
COLONY BANKCORP INC COM 19623P101 16,654 1,103,638 SH   SOLE   1,103,638 0 0
COMMUNITY FINL CORP MD COM 20368X101 20,766 563,079 SH   SOLE   563,079 0 0
EAGLE BANCORP MONT INC COM 26942G100 3,313 166,394 SH   SOLE   166,394 0 0
EVANS BANCORP INC COM NEW 29911Q208 863 25,382 SH   SOLE   25,382 0 0
FINWARD BANCORP COM 31812F109 3,885 103,625 SH   SOLE   103,625 0 0
FIRST CMNTY CORP S C COM 319835104 6,019 313,977 SH   SOLE   313,977 0 0
FIRST NATL CORP COM 32106V107 11,349 621,842 SH   SOLE   621,842 0 0
FIRST NORTHWEST BANCORP COM 335834107 480 30,774 SH   SOLE   30,774 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 5,449 227,629 SH   SOLE   227,629 0 0
FRANKLIN FINL SVCS CORP COM 353525108 7,624 252,792 SH   SOLE   252,792 0 0
FS BANCORP INC COM 30263Y104 2,388 83,174 SH   SOLE   83,174 0 0
FVCBANKCORP INC COM 36120Q101 14,543 772,354 SH   SOLE   772,354 0 0
HMN FINL INC COM 40424G108 3,409 147,721 SH   SOLE   147,721 0 0
HOMETRUST BANCSHARES INC COM 437872104 625 25,000 SH   SOLE   25,000 0 0
INVESTAR HLDG CORP COM 46134L105 20,669 943,776 SH   SOLE   943,776 0 0
JPMORGAN CHASE & CO COM 46625H100 597 5,300 SH   SOLE   5,300 0 0
LCNB CORP COM 50181P100 176 11,797 SH   SOLE   11,797 0 0
LIMESTONE BANCORP INC COM 53262L105 191 10,390 SH   SOLE   10,390 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 334 14,669 SH   SOLE   14,669 0 0
MERIDIAN CORPORATION COM 58958P104 4,876 160,928 SH   SOLE   160,928 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204 2,132 84,621 SH   SOLE   84,621 0 0
OCEANFIRST FINL CORP COM 675234108 4,869 254,535 SH   SOLE   254,535 0 0
ORRSTOWN FINL SVCS INC COM 687380105 2,395 99,096 SH   SOLE   99,096 0 0
PACWEST BANCORP DEL COM 695263103 2,277 85,418 SH   SOLE   85,418 0 0
PEOPLES BANCORP N C INC COM 710577107 8,067 297,036 SH   SOLE   297,036 0 0
PRIMIS FINANCIAL CORP COM 74167B109 4,899 359,413 SH   SOLE   359,413 0 0
SHORE BANCSHARES INC COM 825107105 27,213 1,470,961 SH   SOLE   1,470,961 0 0
SIERRA BANCORP COM 82620P102 1,759 80,968 SH   SOLE   80,968 0 0
SMARTFINANCIAL INC COM NEW 83190L208 230 9,511 SH   SOLE   9,511 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 457 10,484 SH   SOLE   10,484 0 0
SOUTHERN STS BANCSHARES INC COM 843878307 14,549 646,892 SH   SOLE   646,892 0 0
SUMMIT FINL GROUP INC COM 86606G101 4,102 147,673 SH   SOLE   147,673 0 0
TERRITORIAL BANCORP INC COM 88145X108 1,595 76,500 SH   SOLE   76,500 0 0
TIMBERLAND BANCORP INC COM 887098101 1,437 57,489 SH   SOLE   57,489 0 0
UNITY BANCORP INC COM 913290102 11,654 440,116 SH   SOLE   440,116 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 184 15,973 SH   SOLE   15,973 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 6,070 192,759 SH   SOLE   192,759 0 0
WESTERN ALLIANCE BANCORP COM 957638109 1,066 15,100 SH   SOLE   15,100 0 0